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The US stock market rebounded sharply in the first two months of Q2, rising 18.2% in April and May and 4.8% in the month of May alone. As a result, US stocks have a negative return year-to date, as of the end of May, of only -5.0%. The year-to date return for stocks globally was -8.9.%. The sharp decline and rebound in the US market is partly due to the economy effectively being “turned off” by state government restrictions designed to slow the spread of the coronavirus.
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